Bullish Moving Average Cross by Tuesday Morning (TUES)
Today, shares of Tuesday Morning (NASDAQ:TUES) have advanced above their 10-day MA of $8.38 on a volume of 166K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Tuesday Morning share prices have been bracketed by a low of $4.86 and a high of $17.08 and are now at $8.62, 77% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has slid 0.5%.
SmarTrend recommended that subscribers consider buying shares of Tuesday Morning on November 25th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.04. Since that recommendation, shares of Tuesday Morning have risen 17.5%. We continue to monitor TUES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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